Calamos Wealth Management LLC Sells 11,198 Shares of Waste Management, Inc. $WM

Calamos Wealth Management LLC cut its stake in shares of Waste Management, Inc. (NYSE:WM) by 14.1% in the 1st quarter, HoldingsChannel reports. The fund owned 68,345 shares of the business services provider’s stock after selling 11,198 shares during the quarter. Calamos Wealth Management LLC’s holdings in Waste Management were worth $15,705,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Waste Management in the fourth quarter worth $1,022,916,000. Holocene Advisors LP boosted its position in Waste Management by 163.7% during the 3rd quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock valued at $309,317,000 after buying an additional 869,453 shares during the period. Corient Private Wealth LLC grew its holdings in Waste Management by 279.0% in the 4th quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock worth $236,387,000 after acquiring an additional 792,037 shares during the last quarter. Diamant Asset Management Inc. increased its position in shares of Waste Management by 23,051.5% in the first quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock valued at $17,716,000 after acquiring an additional 767,615 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake in shares of Waste Management by 3,209.2% during the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock valued at $150,466,000 after acquiring an additional 660,776 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. TD Cowen lifted their price objective on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Oppenheimer decreased their target price on Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. Canadian Imperial Bank of Commerce upgraded shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price target on the stock in a report on Tuesday, July 7th. Finally, Weiss Ratings downgraded shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $256.20.

Waste Management Trading Up 1.4%

WM opened at $236.67 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The stock has a market cap of $95.04 billion, a PE ratio of 34.25, a PEG ratio of 2.84 and a beta of 0.44. The business has a 50 day moving average of $220.86 and a 200-day moving average of $226.09.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s payout ratio is presently 54.70%.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.